With low exchange fees. Can I Buy Bittorrent On Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It likewise uses extremely high yields sometimes when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you remain in a location that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may qualify for discount rates. Options, futures, and swaps have their own rate schedules with differing fees.
One huge drawback of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information before proceeding. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t usually confront with standard banking platforms. The finest practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most client possessions. It likewise has deals extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re selling our position and that we wish to take profit at this level what we wish to do is discover the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Can I Buy Bittorrent On Okx
difference in between the entry and the stop alright and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that implies that in order to find the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have 10 thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account that makes it difficult okay so let’s go over to purchase bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open our leverage alright and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the risk profile on the trade fine if you plan on trading anyways use the recommendation Link in the description okay weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars per week we’re choosing 3 winners a week alright we’re attempting to give the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can have a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to begin taking these trades I want to review the rules that I would recommend utilizing when growing a small account okay so the very first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there till we scale our account up a little bit bigger the 3rd thing and this is very crucial is everybody has a mental threshold when it comes to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually wish to prevent till you come comfy doing that all right so state you work your method as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that repaired quantity when you wish to preserve your capital and just pick an objective per day on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my earnings okay so let’s get into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai all right but what I want to do is find a location where I have a newly established uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
very first pullback is two largest waves up to 3 pullback is 4 and after that the high is 5 and the way we can try to find the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then find my factor of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our rate action comes down through